October 21, 2014 9:53 PM ET

Insurance

Company Overview of Exide Life Insurance Company Limited

Company Overview

Exide Life Insurance Company Limited provides long term protection and savings solutions in India. It offers protection insurance products, such as life, health, and accident and disability insurance; savings and investments solutions for child, inheritance, life goals, and surplus for investments; and retirement corpus and pension products. The company distributes its products through agencies, banc assurance, and alliances. Exide Life Insurance Company Limited was formerly known as ING Vysya Life Insurance Company Limited. The company was incorporated in 2000 and is based in Bengaluru, India. As of October 28, 2005, Exide Life Insurance Company Limited operates as a subsidiary of Exide Ind...

ING Vysya House

5th Floor

22 M.G. Road

Bangalore,  560001

India

Founded in 2000

Phone:

91 80 2532 8000

Fax:

91 80 2555 9764

Key Executives for Exide Life Insurance Company Limited

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Chief Insurance Risk Officer
Chief Distribution Officer
Compensation as of Fiscal Year 2014.

Exide Life Insurance Company Limited Key Developments

ING Vysya Life Insurance has Changed its Name to Exide Life Insurance

ING Vysya Life Insurance changed its name to Exide Life Insurance.

Samsung Life Set To Buy 26% In ING Insurance

Exide Industries Limited (BSE:500086) is in advanced stages of negotiations to sell 26% of its stake in ING Vysya Life Insurance Company Private Limited (ING Life) to Samsung Life Insurance Co., Ltd. (KOSE:A032830). Sources close to the development said Exide had been scouting for a potential buyer for quite some time, adding Samsung Life was one of the companies with which its talks had progressed. The deal was likely to be announced as early as next week, the sources indicated. "We are not in a position to comment on this," said an Exide spokesperson. ING Vysya Life Insurance, too, declined comment. Samsung Life could not be reached for comment; a mail sent to its parent company did not elicit any response till the time of going to press. Exide officials refused to comment on whether the deal with Samsung Life was sealed and whether the name of the new partner would be accommodated in the new brand. Sources said though other global players were in talks for the stake sale, Samsung Life had been shortlisted as the potential buyer. A senior official of a Mumbai-based brokerage said the exits of ING and other partners had put the entire responsibility of running the business on Exide. They added, therefore, it made sense to bring in a partner such as Samsung Life, which could use its experience in the global insurance segment in India.

ING Life Insurance Launches Guaranteed Income Insurance Plan

ING Life Insurance launched ING Guaranteed Income Insurance Plan, a traditional life insurance product that offers guaranteed benefits to the customers. This plan complies with the new product guidelines applicable from October 1, 2013. ING Guaranteed Income Insurance Plan offers Guaranteed Tax-Free Regular Income from mid of policy term. The Guaranteed Income payout is at the rate of 11% to 13% per annum. The income payout is calculated on the sum assured which is derived from the premium paid by the customer.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Exide Life Insurance Company Limited, please visit www.inglife.co.in. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.